Developing a Social Cost of Carbon for US Regulatory Analysis: A Methodology and Interpretation

The US government recently developed a range of values representing the monetized global damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as the social cost of carbon (SCC). These values are currently used in benefit–cost analyses to assess potential federal regulations. For 2010, the central value of the SCC is $21 per ton of CO2 emissions, with sensitivity analyses to be conducted at $5, $35, and $65 per ton of CO2 (2007 dollars). This article summarizes the methodology and interagency process used to develop these SCC values, offers our own commentary on how the SCC can be used to inform regulatory decisions, and identifies priorities for further research.

• Publication year

  2013

• Venue

  Review of Environmental Economics and Policy

• Publication date

  2013-01-01

• Fields of study

  Business, Economics, Environmental Science

• Identifiers
  DOI 10.1093/reep/res015
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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